Year-to-date, 2022 Macau casino revenue totals approximately $4.8 billion. That’s 51% lower than at this time last year, and 86% less compared with January through November 2019. The latter represents a GGR difference of about $28.8 billion.<\/p>\n
A “zero-COVID” scenario where a country as large as China is free of any active infections of the virus is considered an unrealistic goal by most health officials, outside of China President Xi Jinping’s inner circle. Protests have sprung up in several major mainland cities, prompting a stern authoritative response from Beijing.<\/p>\n
\n
For now, there appears to be no end in sight for “zero-COVID.” About 50 cities in China are currently under a lockdown of some sort, affecting approximately 410 million people.<\/p>\n<\/div>\n
Xi’s party said in recent days that the country’s COVID strategy remains intact despite widespread protests. And in recent days, the Community Party’s newspaper, the People’s Daily<\/em>, published a series of commentaries highlighting the importance of continuing to adhere to strict prevention controls.<\/p>\n","protected":false},"excerpt":{"rendered":"Macau casinos won a measly MOP3.0 billion (US$375.9 million) last month. That figure marks a nearly 56% year-over-year decline, November’s gross gaming revenue (GGR) is further proof that China’s commitment to “zero-COVID” will continue to inhibit any meaningful gaming business recovery in what was the world’s richest gaming market until such restrictive conditions are eased. […]<\/p>\n","protected":false},"author":25,"featured_media":245846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[82061,80969,51,83719],"acf":[],"yoast_head":"\n
Macau Casinos Win Just $376M in November, as Gaming Remains Stifled<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n